Infracapital takes majority stake in Farra Marine to support growth of offshore wind infrastructure in Europe

Infracapital, the infrastructure private equity investment arm of M&G, today announces that it has acquired a majority stake in Farra Marine, a company that plays a critical role in supporting the construction, operation and long-term maintenance of offshore wind assets in Europe.

Headquartered in Ireland, Farra Marine is a leading owner and operator of crew transfer vessels (CTVs) serving the European offshore wind market. These specialist vessels transport technicians, engineers and equipment to offshore wind farms across Europe, enabling crew to safely keep wind turbines operating, from initial construction through to the entire 30+ year lifecycle and decommissioning. Infracapital intends to support Farra Marine with capital to enable the continued expansion of its modern fleet.

Europe’s offshore wind market is expected to see significant capacity growth, supporting increased demand for high-quality CTVs. Founded in 2020 by Martin Rice, Farra Marine owns and operates a fleet of 15 BV class-approved vessels* across key markets including the UK, Germany, France, Denmark and the Baltics, with clients including Siemens Gamesa, Vestas, Ørsted and ScottishPower Renewables. With the youngest fleet in the European market averaging around two years of age, an experienced management team and highly qualified crews, Farra Marine is well placed to build on its position in a growing market.

The investment will be made through Infracapital Partners IV and follows the Fund’s agreement in March to acquire Polish bus operator ReloBus, highlighting its continued deployment of capital into essential infrastructure supporting Europe’s lower-carbon transport transition.

Martin Rice, CEO and Founder at Farra Marine, said: "When I founded Farra Marine in 2020, the ambition was to build the most modern, capable CTV fleet in Europe and deliver a standard of service that the offshore wind sector deserved. This is a landmark moment for Farra Marine. Partnering with Infracapital gives us the capital, the expertise and long-term support to continue executing that vision and build on the strong platform we have established.”

Herman Deetman, Managing Director at Infracapital, said: “We are pleased to partner with the team at Farra Marine at a time of strong demand for high-quality vessels to support services in offshore wind. The team has built a best-in-class operator trusted by leading clients across the sector and we look forward to supporting the business through its next phase of growth.”

Media enquiries

M&G Media Relations for Infracapital

Rebecca Talbot                             George Greenstreet
Tel: 07827 820428                        Tel: 07900 511020         
Rebecca.Talbot@mandg.com     George.Greenstreet@mandg.com

Farra Marine

Tom McEnaney
McEnaney Media
tom@tommcenaney.com
+353 87 2222 666

*Bureau Veritas classification, an internationally recognised certification indicating that a vessel meets stringent safety and construction standards.

About Farra Marine

Founded in 2020 by CEO Martin Rice, Farra Marine is one of Europe's fastest-growing crew transfer vessel (CTV) operators, specialising in the offshore wind sector. Farra Marine's modern fleet of vessels each carry up to 24 personnel and are equipped with the latest low-emission Tier III engines, reflecting the company's commitment to sustainability alongside operational performance. The company operates across key European offshore wind markets including the UK, Germany, France, Denmark and the Baltics, with clients including Siemens Gamesa, Vestas, Ørsted and ScottishPower Renewables. Built on a management team with over 30 years of combined CTV experience, Farra Marine has grown from a single vessel and five employees to a fleet of 15 vessels and a workforce of over 100 people. www.farramarine.com

About Infracapital

Infracapital invests in, builds and manages a diverse range of essential infrastructure to meet the changing needs of society and support long-term economic growth. We actively manage our investments to fulfil their potential and ensure they are adaptable and resilient. Our approach creates value for investors and our portfolio companies work closely with the communities where they operate. Our team of experienced specialists has worked with more than 60 companies around Europe and has raised and managed over €9 billion of client capital across seven funds. 

Infracapital is part of M&G Plc, an international and investments business, managing money for around 4.2 million retail customers and more than 1000 institutional clients in 38 offices worldwide. Total assets under management are £375.9 billion (as at 31 December 2025).